Do you regularly process positions from financial reports? Then the Balance Reader can speed up your processes and save cost.
It automates the reading of the balance sheet, profit and loss statement, cash flow statement, etc. and exports them in a structured format suited to your individual requirements.
The Balance Reader was developed for banks and insurance companies that regularly process annual financial statements.
Analysis of current processes, definition of interfaces and mapping to your specific data model (EBIL, XBRL, etc.).
After the planning phase, the test environment is activated for you. Your staff can now use the tool parallel to the old process.
Our Software-as-a-Service solution is fully integrated into your process and is now ready for automated analysis.
In order to adapt to your needs in the future, we continuously track KPIs and conduct mid-term reviews for product optimisation.
The financial report is uploaded as a PDF to the Balance Reader. The software analyses the file and identifies the balance sheet, income statement and cash flow statement.
For example, balance sheet items and the associated currency, unit and period are extracted from the tables. All extracted data is linked to the table cell in the original file and can be traced back at any time.
The extracted content is transferred into your desired data structure. You retain full control during this process and can make individual adjustments at any time. The system learns from this and continuously improves.
The result can be automatically imported into subsequent systems, exported as Excel or made available in a database and queried via an interface.
Checklists are an essential part of the notes audit.
To ensure the highest quality for your audit, we work together with the IDW. This means that the IDW Einzelabschluss-checklist and the
IDW Konzernabschluss-checklist are available to you.
Do you use a different checklist? We would be happy to add your individual checklist.